DTE Energy (NYSE:DTE) PT Raised to $125.00

DTE Energy (NYSE:DTE) had its target price raised by KeyCorp from $117.00 to $125.00 in a report published on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the utilities provider’s stock.

Other analysts have also issued research reports about the company. BMO Capital Markets lifted their target price on DTE Energy from $111.00 to $113.00 and gave the stock a market perform rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their target price on DTE Energy from $118.00 to $120.00 and gave the stock a neutral rating in a research report on Wednesday, March 13th. Morgan Stanley raised their price target on shares of DTE Energy from $108.00 to $109.00 and gave the company an overweight rating in a report on Thursday, March 21st. TheStreet raised shares of DTE Energy from a c+ rating to a b- rating in a report on Friday, March 15th. Finally, Guggenheim cut shares of DTE Energy from a buy rating to a neutral rating and set a $111.00 target price on the stock. in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $116.30.

DTE Energy Stock Performance

Shares of DTE stock opened at $112.06 on Monday. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.13 and a beta of 0.64. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.54 and a current ratio of 0.75. DTE Energy has a one year low of $90.14 and a one year high of $117.44. The company’s 50-day moving average is $110.96 and its 200 day moving average is $108.36.

DTE Energy (NYSE:DTE) last issued its earnings results on Thursday, April 25th. The utilities provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.04). The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.81 billion. DTE Energy had a return on equity of 11.53% and a net margin of 10.36%. Sell-side analysts expect that DTE Energy will post 6.7 EPS for the current fiscal year.

DTE Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.64%. DTE Energy’s payout ratio is currently 66.78%.

Insider Buying and Selling

In other DTE Energy news, COO Mark W. Stiers sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total value of $1,160,000.00. Following the completion of the transaction, the chief operating officer now directly owns 41,921 shares in the company, valued at $4,862,836. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Robert A. Richard sold 4,800 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $107.25, for a total value of $514,800.00. Following the transaction, the chief operating officer now directly owns 26,118 shares of the company’s stock, valued at approximately $2,801,155.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Mark W. Stiers sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $116.00, for a total transaction of $1,160,000.00. Following the sale, the chief operating officer now directly owns 41,921 shares of the company’s stock, valued at $4,862,836. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DTE Energy

A number of hedge funds and other institutional investors have recently modified their holdings of DTE. Janus Henderson Group PLC lifted its stake in DTE Energy by 6,964.9% in the 1st quarter. Janus Henderson Group PLC now owns 2,090,350 shares of the utilities provider’s stock worth $234,410,000 after purchasing an additional 2,060,762 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of DTE Energy by 224.7% in the first quarter. Clearbridge Investments LLC now owns 2,538,106 shares of the utilities provider’s stock worth $284,623,000 after buying an additional 1,756,459 shares in the last quarter. Boston Partners grew its holdings in DTE Energy by 66.8% during the 4th quarter. Boston Partners now owns 2,542,081 shares of the utilities provider’s stock valued at $280,247,000 after buying an additional 1,018,212 shares in the last quarter. Ameriprise Financial Inc. increased its stake in DTE Energy by 16.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,130,348 shares of the utilities provider’s stock worth $509,081,000 after acquiring an additional 724,561 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of DTE Energy during the 4th quarter worth approximately $74,478,000. Institutional investors own 76.06% of the company’s stock.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.